TS CorporatioI
Q: Define shareholders wealth. Explain how it is measured.
A: Shareholder valuation is assigned to a company's investors depending on the company's ability to…
Q: Equity equals: C . Assets + Liabilities.
A: Equity equals: C . Assets + Liabilities.
Q: Balance Sheet and Income Statement of a Corporation
A: An income statement is prepared by a corporation to calculate the net loss or net profit for the…
Q: Statement of financial position format
A: Financial Statement:- These are statements prepared at the end of the financial year to know the…
Q: How to Make Reporting for Capital Position According to PSAK?
A: Financial reporting:Financial reporting can be defined as the financial information of organization…
Q: Define the concept of Financial Assets
A: Definition:- Generally Financial assets are not in physical nature assets. Which are liquid assets…
Q: What is the controlling interest percentage for a consolidated accounting financial statement?
A: Consolidated financial statements: These financial statements are consolidated financial statements…
Q: What amount of total assets have been financed by the creditors and by the stockholders?
A: Total Liabilities= Current Liabilities + Non current liabilities Stockholders equity= Common stock+…
Q: Assets = ________ + Equity
A: Accounting equation:- It is considered as the foundation of double entry accounting system. The…
Q: compare financial assets and marketable investments
A: A financial asset is a monetary asset with a statutory right or possession assertion as its source…
Q: ng and Reporting Topic: Issuance of Share Capital
A: Ordinary shares provide share in the ownership of the company The profit comes through capital…
Q: financial assertion
A: Financial assertions are statements made by management in an an assertive way regarding the items in…
Q: Differentiate between Current Account vs Capital Account.
A: Account: A record, that documents or records the changes in assets, liabilities, or equity for a…
Q: Income statement?
A: Income statement is one of the financial statement of the business, which shows all incomes and all…
Q: nd the use/s of Stakeholder Analysis. provide (Name, Year) or credits to where credit
A: When it involves any structure project, all of the interior folks and groups United Nations agency…
Q: What type of financial instrument which indications of equity towards the holder of the policy?
A: Introduction : In simple words, financial instruments refers to the intangible units, which are…
Q: Define the terms paid-in capital and retained earnings.
A: Paid in capital: Paid in capital represents the total amount invested by the shareholders of the…
Q: Which of the following is a usefulness of the statement of financial position? OA. The use of…
A: For every business, accounting is very important for analysis and evaluation. Accounting is based on…
Q: st of Oss E
A: Intercompany sales mean that sales are made by one company of the group of companies to the other…
Q: The relationship between debt and equity is referred to as:* financial structure financial freedom…
A: Since you have posted two different questions , we will do the first question for you. Please…
Q: financial ratios?
A: Ratio is tools to analyse the financial data of an organisation. Some Financial ratio are as Gross…
Q: How are operating items projected on financial statements?
A: Solution:- Operating expenses are indirect expenses which includes selling, distribution, admin…
Q: To determine the amount of debt a corporation has, the user should examine: O A. Income statement B.…
A: Introduction: Financial statements: 1 ) Income statement 2 ) Cash flows statement 3 ) Balance sheet.
Q: Define the following. a. Retained earnings? b. Goodwill? c. Investing activities?
A: a. Retained earnings: The amount of earnings undistributed as dividends to the stockholders is…
Q: While putting the value or price of an entity in financial records the lowest price is recorded not…
A: Accounting is the process of recording financial transactions (which can be measured in terms of…
Q: What’s financial instrument
A: Financial instruments can be broadly divided into: a. cash instruments b. derivatives instruments
Q: Identify the majordifferences and similaritiesbetween financial andmanagerial accounting.
A:
Q: g comparative financial statements
A: Increase (Decrease) in amount = Amount of Year 2 - Amount of Year 1 Percentage of increase…
Q: What are common-size financial statements?
A: Financial statements: Financial statements are condensed summary of transactions communicated in the…
Q: Explain the following accounting terms used in the preparation and presentation of published…
A: 1. Reserves : When a company earns profit at the end of the financial year a certain portion of…
Q: Elaborate on the internal and external uses of financial statement analysis
A: Financial Statement: They are annual reports of an organization summarizing the financial…
Q: Define Property Dividends.
A: The dividend is the income of the shareholders for their shareholdings in the company. The equity…
Q: shareholders' equity section of the statement of financial position
A: A) 15% Mortgage Payable, due May 1, 2022 - It is a current liability. B) Allowance for Uncollectible…
Q: Define Financial instrument.
A:
Q: What are the classifications of investments in the statement of financial position?
A: Investment can be defined as the asset that is purchased in the hope of earning some income or…
Q: Explain pro forma financial statement
A: Financial Statements provide details about financial position & performance of an organisation.…
Q: Definition of Financial Accounting
A: Solution:- Definition of financial accounting as follows under:-
Q: Match the items below by entering the appropriate code letter in the space provided. А. Relevance G.…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: What are comparative financial statements? What issue is introduced when entities present…
A: Comparative financial statement= This is the complete set of financial statements that the business…
Q: Explain Liquidity and Solvency terms as they relate to the statement of financial position.
A: Ratio analysis is a technique used to gain insight into the company’s profitability, liquidity,…
Q: Which of the following items is required to be disclosed by geographic area?a. Total assets.b.…
A: Information for the segment needs to be disclosed by geographic area. Identify the correct option:…
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- (Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson Companys adjusted trial balance at the end of 2019: In addition, the following information was obtained from the companys records: Land was sold, at cost, for 1,900. Dividends of 4,000 were declared and paid. Equipment was purchased for 10,400. Common stock was issued for 9,000. Beginning cash balance was 17,000. Required: Using visual inspection and the direct method, prepare Walsons 2019 statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.)OBJECTIVE 6 Exercise 1-46 Income Statement ERS Inc. maintains and repairs office equipment. ERS had an average of 10,000 shares of common stock outstanding for the year. The following income statement account balances are available for ERS at the end of 2019. Required: 1. Prepare a single-step income statement for ERS for 2019. 2. CONCEPTUAL CONNECTION Compute net profit margin for ERS. If ERS is able to increase its service revenue by $100,000, what should be the effect on future income? 3. CONCEPTUAL CONNECTION Assume that ERS net profit margin was 8.5% for 2018. As an investor, what conclusions might you draw about ERS future profitability?Unusual income statement items Assume that the amount of each of the following items is material to the financial statements. Classify each item as either normally recurring (NR) or unusual (U) items. If unusual item, then specify if it is a discontinued operations item (DO). a. Interest revenue on notes receivable. b. Gain on sale of segment of the company's operations that manufactures bottling equipment. c.Loss on sale of investments in stocks and bonds. d. Uncollectible accounts expense. e. Uninsured flood loss. (Hood insurance is unavailable because of periodic Hooding in the area.)
- HW - Ch 20-2 Prepare journal entries to record the effects on Shannon’s accounting records at December 31, 2021, for each of the items described above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars not in thousands of dollars.) (1) Record the gain on sale of investment with an original cost of $186,000 for $232,000 (2) Record the adjustment of equity securities for the investment of $232,000 as on the date of sale. (3) Record the fair value adjustment. (4) Record the loss-lawsuit. (5) Record correction of inventory error. (6) Record correct assets that were incorrectly expensed. (7) Record the 2021 adjusting entry for depreciation. (8) Record the income tax expense.BTS Corporation provided the following balances in its trial balance for the year ended December 31, 2021 ACCOUNT TITLES DEBIT CREDIT Patent 160,000 Prepaid rent expense 304,000 Raw materials inventory 358,500 Cash and cash equivalents 817,300 Notes payable (due April 1, 2022) 435,100 Investment in equity securities- FVPL 525,910 Machinery and equipment 6,200,500 Accumulated depreciation- machinery and equipment 1,860,150 Accounts receivables 227,350 Goods in process inventory 56,280 Bonds payable- at fair value 350,100 Bonds payable 1,200,000 Investment in debt securities- FVOCI 748,950 Land 8,450,000 Sales 5,800,210 Accrued interest income 51,500 Allowance for doubtful accounts 45,470 Premium on bonds payable 96,000 Retained earnings (beginning) 3,714,024 Raw material…BTS Corporation provided the following balances in its trial balance for the year ended December 31, 2021 ACCOUNT TITLES DEBIT CREDIT Patent 160,000 Prepaid rent expense 304,000 Raw materials inventory 358,500 Cash and cash equivalents 817,300 Notes payable (due April 1, 2022) 435,100 Investment in equity securities- FVPL 525,910 Machinery and equipment 6,200,500 Accumulated depreciation- machinery and equipment 1,860,150 Accounts receivables 227,350 Goods in process inventory 56,280 Bonds payable- at fair value 350,100 Bonds payable 1,200,000 Investment in debt securities- FVOCI 748,950 Land 8,450,000 Sales 5,800,210 Accrued interest income 51,500 Allowance for doubtful accounts 45,470 Premium on bonds payable 96,000 Retained earnings (beginning) 3,714,024 Raw material…
- BTS Corporation provided the following balances in its trial balance for the year ended December 31, 2021 ACCOUNT TITLES DEBIT CREDIT Patent 160,000 Prepaid rent expense 304,000 Raw materials inventory 358,500 Cash and cash equivalents 817,300 Notes payable (due April 1, 2022) 435,100 Investment in equity securities- FVPL 525,910 Machinery and equipment 6,200,500 Accumulated depreciation- machinery and equipment 1,860,150 Accounts receivables 227,350 Goods in process inventory 56,280 Bonds payable- at fair value 350,100 Bonds payable 1,200,000 Investment in debt securities- FVOCI 748,950 Land 8,450,000 Sales 5,800,210 Accrued interest income 51,500 Allowance for doubtful accounts 45,470 Premium on bonds payable 96,000 Retained earnings (beginning) 3,714,024 Raw material purchases…BTS Corporation provided the following balances in its trial balance for the year ended December 31, 2021 ACCOUNT TITLES DEBIT CREDIT Patent 160,000 Prepaid rent expense 304,000 Raw materials inventory 358,500 Cash and cash equivalents 817,300 Notes payable (due April 1, 2022) 435,100 Investment in equity securities- FVPL 525,910 Machinery and equipment 6,200,500 Accumulated depreciation- machinery and equipment 1,860,150 Accounts receivables 227,350 Goods in process inventory 56,280 Bonds payable- at fair value 350,100 Bonds payable 1,200,000 Investment in debt securities- FVOCI 748,950 Land 8,450,000 Sales 5,800,210 Accrued interest income 51,500 Allowance for doubtful accounts 45,470 Premium on bonds payable 96,000 Retained earnings (beginning) 3,714,024 Raw material…BTS Corporation provided the following balances in its trial balance for the year ended December 31, 2021 ACCOUNT TITLES DEBIT CREDIT Patent 160,000 Prepaid rent expense 304,000 Raw materials inventory 358,500 Cash and cash equivalents 817,300 Notes payable (due April 1, 2022) 435,100 Investment in equity securities- FVPL 525,910 Machinery and equipment 6,200,500 Accumulated depreciation- machinery and equipment 1,860,150 Accounts receivables 227,350 Goods in process inventory 56,280 Bonds payable- at fair value 350,100 Bonds payable 1,200,000 Investment in debt securities- FVOCI 748,950 Land 8,450,000 Sales 5,800,210 Accrued interest income 51,500 Allowance for doubtful accounts 45,470 Premium on bonds payable 96,000 Retained earnings (beginning) 3,714,024 Raw material purchases…
- BTS Corporation provided the following balances in its trial balance for the year ended December 31, 2021 ACCOUNT TITLES DEBIT CREDIT Patent 160,000 Prepaid rent expense 304,000 Raw materials inventory 358,500 Cash and cash equivalents 817,300 Notes payable (due April 1, 2022) 435,100 Investment in equity securities- FVPL 525,910 Machinery and equipment 6,200,500 Accumulated depreciation- machinery and equipment 1,860,150 Accounts receivables 227,350 Goods in process inventory 56,280 Bonds payable- at fair value 350,100 Bonds payable 1,200,000 Investment in debt securities- FVOCI 748,950 Land 8,450,000 Sales 5,800,210 Accrued interest income 51,500 Allowance for doubtful accounts 45,470 Premium on bonds payable 96,000 Retained earnings (beginning) 3,714,024 Raw material…The following is a pre-adjusted Trial balance of Khulumani Pty Ltd (Khulumani) on 28 February 2020 Balance sheet sectionCapital 596 400,00Drawings 130 500,00Land and buildings 600 000,00Equipment 145 000,00Accumulated depreciation (1 March 2020) 33 000,00Fixed deposit: TT Bank (8% p.a) 50 000,00Loan: BTK Bank (16% p.a) 60 000,00Inventory (1 March 2020) 105 330,00Debtors control 51 630,00Creditors control 74 400,00Bank 18 720,00Petty cash 1 500,00Nominal AccountsSales 841 600,00Purchases 408 760,00Sales returns 6 000,00Purchases returns 4 500,00Rent income 80 400,00Interest on fixed deposit 2 000,00Bank charges 2 700,00water & electricity 18 810,00Telephone 5 250,00Insurance 5 850,00Interest on loan 7 250,00Rates and taxes 24 600,00Salaries & wages 84 640,00Consumables stores 10 960,00Advertising 14 800,00 Adjustments and additional information1. Inventory on hand on 28 February 2020 amounted to R91 000. Inventories are measured at cost, on a FIFO method andat net realisable…The following items were excerpted from Poeltl, Inc.'s balance sheets: December 31, 2023December 31, 2022Cash$86,300$59,000Accounts receivable65,60070,600Inventory157,000150.300Property and equipment794,500745,400Accumulated depreciation(184,000)(168,200)Accounts payable61,00050,600Wages payable20,40023,000 Poeltl's 2023 income statement showed net income of $463,000, depreciation expense of $57,000, and a gain on disposal of equipment of $16,000. On Poeltl's 2023 statement of cash flows, how much is Net Cash Provided by Operating Activities?